Breaking News: USD/JPY popped to fresh highs at 113.43 - US economy motors on
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USD/JPY is driving higher and broke up through large stops above January 9 and July 113.18 peak and 200-WMA.
"Between Chairman Powell's comment yesterday the that the U.S. economy is in a particularly good spot and today's robust durable good orders and excellent business spending, despite the August pause the six months to July saw the strongest investment spending in five years, the dollar has room to run on the American economy alone," explained Joseph Trevisani, Senior Analysts at FXStreet.
Developing story:
USD/JPY full analysis to follow ...
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